The largest cryptocurrency in the market – Bitcoin – tumbled below the $11,000 mark earlier today, reaching a low of $10,880.05 on Coinbase. According to CoinMarketCap, the cryptocurrency continues to rule the market with a whopping 68.5 percent dominance, but has recorded a loss of over 6 percent in the past seven days. At press time, the largest cryptocurrency was pictured trading at $10,883, while its aggregated value stood at $11,043 on CMC.
Notably, the king coin was not the only digital currency to record negative numbers in the market. Other leading cryptocurrencies such as Ethereum, XRP and Litecoin have also recorded a significant drop in the market.
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The second largest cryptocurrency by market cap – Ethereum – saw a drop of over 9 percent over the last seven days, with the coin being trading at $207.68. However, the coin that recorded the highest drop among the top 20 was Litecoin as it was at a negative of over 11 percent in the past seven days. The cryptocurrency was trading at $84.26 with a market cap of $5.31 billion.